“This is not the first time novice investors chose bubble assets instead of proven investment strategies. There always seems to be some hot market getting more press attention than traditional securities. Recently it’s been crypto and “big data” stocks. Some other financial trends which used to be popular include: house flipping (GFC), retail forex, e-commerce stocks (dot-com bubble), junk bonds, commodities trading, and the list goes on.
I’m worried about the newest generation of investors. The past two years were not a good introduction to the markets. The pandemic caused unprecedented
economic fallout and policy responses. Investors looking forward to more of the same environment are likely in for a rude awakening.”